Bending Spoons Stock News

Berkshire Hathaway is set to invest $330 million in Bending Spoons, adding to its previous $600 million. Warren Buffett's storied conglomerate is poised to hold a 4% stake in the owner of AOL and Vimeo.

Italy's Bending Spoons has emerged as a major player in tech M&A, and is now moving aggressively to snap up out-of-favor software names. The holding company's stock price shot up this week after Berkshire Hathaway bolstered its investment, putting in more than $300 million.

Why is Berkshire Hathaway betting on richly valued Bending Spoons?

Bending Spoons soared after a $330 million investment from Berkshire Hathaway. Shares are near a new buy point.

Berkshire Hathaway has given Bending Spoons (BSP) a powerful endorsement, agreeing on Oct. 14 to invest another $330 million after committing $600 million at its July initial public offering. The company says this investment brings Berkshire's ownership to 4%.

Bending Spoons shares are rocketing higher on a show of support from Berkshire Hathaway.

Bending Spoons shares (BSP) surged on Wednesday after Berkshire Hathaway invested another $330 million in the Italian technology company, bringing its total investment to $930 million and increasing its stake to approximately 4%. The stock climbed 42% during Wednesday's trading.

The company that Warren Buffett guided for years didn't stick with its tried-and-true investment strategy of purchasing value stocks. Bending Spoons is a pricey growth equity.